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20131202
20131210
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KQEH (PBS) 9
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Search Results 0 to 8 of about 9 (some duplicates have been removed)
PBS
Dec 6, 2013 6:30pm PST
for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the federal reserve to cut back on the stimulus plan. now it looks like investors and traders believe a growing economy is good news. so here is a look at today's closing numbers. the dow shot up almost 200 points back above the 16,000 level. the nasdaq jumped about 30 and s&p rose 20 points returning to the 1800 mark again. >>> so where are all those jobs, and what do the gains mean for the economy? hampton pearson takes a look. >> just in time for the holidays, tanger outlets opened this 100 million dollar complex with 80 high-end retailers outside washington d.c. in light of today's surprisingly strong jobs report, opening a new outlet m
PBS
Dec 5, 2013 6:30pm PST
.com/nbr. >>> growing stronger, the u.s. economy grows at its fastest pace since early 2012, but is the 3.6% rate as strong as it appears? and why do american businesses still seem so hesitant? >> protests over pay. fast food workers strike in the biggest push yet for higher wages. they want $15 an hour. they average around $9 now. what a big raise would mean for businesses and consumers. >> and the sticker shock, why washington lawmakers could be the reason you pay more, lots more for milk. we have all that and more tonight on "nightly business report" for thursday, december 5th. >>> good evening everyone. stocks kept sliding today, the losses though modest marked the fifth day in a row of declines for the dow and s&p 500, the longest streak since september and the government shutdown. the indexes are less than 2% from the all-time highs. today's declines were driven by rekindled concerns the federal reserve may reduce the $85 billion a month in bond purr chases and might do it as soon as this month because economic news out today pointed to a strengthening of u.s. growth. the come he domestic p
PBS
Dec 4, 2013 6:30pm PST
bach of positive reports on jobs, housing and the upbeat survey on the economy. the take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. all this comes just two days before the release of the monthly jobs report. a key data point for central bank policy makers. it's no wonder stock averages between gains and losses and finally ending mostly in the red for the day. the dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s&p fell two points. the same concerns about the fed's next move sent the yield on the benchmark treasury note above 2.8%, the highest since september. >> how does the federal reserve see the economy right now as it prepares for the next policy meeting next month? steve liesman looks at the beige book survey and what that, along with this friday's november jobs report, could mean for the future of its stimulus program. >> reporter: some strong employment data today raising prospects for better job growth and less stimulus. adp in a much followed monthly report foreca
PBS
Dec 2, 2013 6:30pm PST
in stock prices but in property markets, as well. he called the u.s. economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees value in energy and health care, so far this year the broad-based s&p 500 index is up more than 26%. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable. >> you know, susie, i think the primary thing that creates sort of a bubble economy and ultimately a recession is just simply too much confidence about the future. when all the players, consumers, businesses, policy officials, everybody gets really bullish about the future they start to engage in dumb behaviors, they stretch the balance sheets, hire too many people and buy that second summer home and that is the thing that ultimately has to be corrected. and i think that confidence is better today but we're still at confidence levels that are below a
PBS
Dec 3, 2013 6:30pm PST
of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can compete in a global economy? we have that and more tonight on "nightly business report" for this tuesday, december 3rd. >>> good evening everyone and welcome. i'm tyler mathisen. remember how great the month november was for stock investors, records and consecutive weeks of gains? hold that thought because so far december has gone the other way. fast. in fact, the dow and s&p 500 today ended lower for a third straight session. logging their biggest three-day decline in two months. some on wall street say stock prices are too high and they are taking profits and there is a pull back and this is the start of it, or maybe consumer spending, soggy so far this holiday season or the fed's seeing the blowout auto sales? we'll start pairing back on stimulus soon. whatever the reason the market sold off again today. th
PBS
Dec 7, 2013 12:30am PST
money in the community and boosting thekomy economy. cupÑi of okqnoodles. and basically i will be able to provide for my daughter which is very important for me.xdxdw3 having that kidÑi happy, notçó 3 "oh, mommy, can i have jfthese,r money. sure, honesÑ when it( have mone you can have anything you want.( áqat will be what i willt( do. >> that's guadalupe's statement. ron, i want to begin with you. you're the au!y?iÑi of a new ballot initiative to raisefá california's minimum wage to %ò& an hour, lower than the $15xdq t guadalupe andÑi her fellow fast food workers are asking for. what did you think of her story? >> well, i think it's a very realistic account of the day-to-day lives of so many of the low-wage workers in struggling under very difficult positions. and they don't have the dollar) to spend in our economy to revive us after this recession. >> and ken jacobs, do you think that the minimum wage should be raised to $15 an hour? what effectjf would that qhave? >> well, i think california does need a raise÷njf in the minimum wage. in fact, we will have one now going up
PBS
Dec 6, 2013 12:00am PST
business in south africa. this was significant. we had the largest economy in the country and maybe the world. i will tell you this quickly. after i had the bill introduced and passed, working and all of that, when nelson was out, i still would not support the idea that we should rebuild the legislation that we have done. one day i am in my office and get a telephone call. who is on the other line? nelson mandela. he says, it is time to let go. i said -- yes. he said, it is time to repeal the legislation. tavis: what is amazing is he calls you to tell you that. -- in thisntry country we did not take him off the terrorist list until -- after the nobel peace prize. i went into his house and he said i never thought you would be in my house. tavis: thank you both. i appreciate it. with the passing of nelson mandela, the world has lost a towering force for moral leadership and a kind and inspiring human being. his courage and strength in the face of unrelenting violence and his compassion for those who try to destroy him have inspired all of us who shared in his lifetime and will -- he w
PBS
Dec 6, 2013 11:00pm PST
geithner being another one. and yeah, and then, you know, the economy crashes, the banks crash. i mean, robert rubin gets a great deal of blame. i mean, bill clinton himself did a mea culpa on robert rubin. >> on abc news. >> on abc news, on george stephanopoulos. >> rubin had been a force in killing glass-steagall, which was the firewall between commercial banks and investment banks. >> investment banks. >> and he was a big supporter of derivatives, deregulation. >> absolutely. >> and all that contributed to the fiscal crisis. after he left the treasury department, he went to citi. >> went back to citi -- >> you say he made $126 million in nine years. >> no, he did. no, he did very, very, very well. and -- >> and you called rubin "the primmest of movers in the modern marriage of politics and wealth creation." >> he was the ambassador to the clinton wealth machine. i mean, even -- i mean, you had people like rahm emmanuel, who was a mid-level white house, you know, operative in the clinton white house, who, was able to go to wasserstein perella and make, you know, $16.2 or $16 point so
Search Results 0 to 8 of about 9 (some duplicates have been removed)